Developer Looks to Flip Demolished Golden Grille Site

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270 Newark Avenue Jersey City Demolished For Sale
Site of approved development now for sale: 270 Newark Avenue, Jersey City. Photo by Chris Fry/Jersey Digs.

Jersey City’s planning and zoning boards continue to be busy hearing new applications, but local real estate observers can’t be blamed for wondering exactly how many approved projects will actually get built. In a hot real estate market, “flipping” an approved development site becomes more attractive; although, the impact of the practice on the local community isn’t always a positive thing.

It appears a now-vacant development site along a Downtown thoroughfare is one of those flips. Earlier this year, Jersey Digs broke the news about a new proposal at 270 Newark Avenue. The project, which included no parking spaces, was to consist of five residential units on the upper floors of the five-story building, along with 1,110 square feet of commercial space on the ground level.

270 Newark Avenue Jersey City For Sale
Approved for 270 Newark Avenue. Rendering via KABR Group.

The developer, simply named 270-272 Newark Avenue LLC, is a subsidiary of the KABR Group. They won approvals from the city’s planning board in February, but the eventual construction of the new ground-up project required tearing down a three-story brick property that was most recently home to the Golden Grille restaurant and stood at the site for almost 150 years.

That demolition started in late May and followers of our Instagram account had some strong opinions about whether tearing down the historical building was necessary. The property itself is surrounded by the Harsimus Cove, Van Vorst Park, and Paulus Hook Historic Districts but does not fall within any of them and is zoned for NC – Neighborhood Commercial.

270 272 Newark Avenue Jersey City
Before it was demolished, 270 Newark Avenue stood for 150 years and was most recently home to Golden Grille. Photo via Joseph Del Forno Real Estate.

Earlier this month, a for sale sign popped up at the property and the owners have officially listed the land for $2.99 million. KABR Group acquired the premises at the end of 2015 for $1.93 million, so obtaining the approvals and getting their desired sale price could turn them a nice profit.

But in the meantime, residents have lost a historical structure and must look at a fenced-off vacant lot in the short term. That reality comes just a few short months after Mayor Steve Fulop issued an executive order placing a six-month freeze on accepting demolition permit applications, which led to a lawsuit from several developers. Both those points became moot in May when the city council adopted new rules on tearing down buildings that now require all property owners submit to a historic preservation review when seeking a demolition permit.

KABR, which lists the project in their portfolio on their website, has not responded to a request for comment as to their immediate plans for 270 Newark Avenue.

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6 COMMENTS

  1. This is just horrible! That building was a beautiful historic and clean building. Everyone was against destroying it, however for a new development, the planning board agreed… Now it’s stand there empty?! For sale?! Disgusting!

  2. There should be a rule, when project is approved, they must built within a time line or get fined and lose their approval. This would allow empty lots with hope and dreams to actually move! Like JSQ1 and/or so many more throughout the city…

  3. It wasn’t just where a restaurant was, it had four apartments where at least five working-class people and three pets lived. They were all either women and minorities. They enjoyed relatively affordable rent but were evicted. They worked downtown in the stores where you shop, they served you drinks and food at cool downtown spots, one taught yoga, one was a gay black man, but they’ve all been displaced by this gentrification. I know most of them don’t live downtown anymore and I know one moved out of state. The only people who’ll be able to afford the new dwellings will be boring, indoctrinated corporate libtards void of any personality who are turning JC into New Hoboken. EVICTION IS VIOLENCE.

    • @JC-is-already-ours…. Libtards? Really? That kind of crass unnecessary name-calling just demeans any point you are trying to make! Those you are saying were harmed are not helped by that kind of attitude.

  4. Ah I recognized this location immediately. This lot is surrounded by the “ugly building.” Seriously, I’ve never seen such a hideous, bastardized hodgepodge of siding materials slapped together into one fugly masterpiece. Building deserves honorable mention on mcmansionhell.com.

    Looks like they wasted no time tearing down the turn of the century brownstone in the corner. One can only hope that they build something just as ugly on the corner lot for architectural continuity…

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